PICTUREYOURSELFHERE

SPREADSHEETS:Spreadsheets are so overused in the office of finance that they serve as a substitute for a multitude of technology applications.applications.

Just like in baseball, all-stars in the office of finance have skill, persistence, and a proven ability to win. But even the most talented players can benefit from superior equipment. Today your team is overwhelmed with data. The owners are pressuring you. Your managers are stressed out. You need wins. Do you have what it takes to mold your players into an all-star team? Here's what our survey data tells us about teams like yours.

THE OFFICE OF FINANCESpreadsheets are heavily relied upon to manage a multitude of financial tasks including budgeting and budgeting and reporting

5% of finance departments use spreadsheets to manage budgeting only

28% use spreadsheets to manage budgeting and TWO other plan-ning tasks

29% use spreadsheets to manage budgeting and THREE otherplanning tasks

39% are using spreadsheets to manage at least four financial planning exercises

27%use spreadsheets to manage at least two of

budgeting, forecasting, reporting or consolidation13%

of finance professionals are using spreadsheets to manage at least one of

budgeting, forecasting,reporting or consolidation

28%use spreadsheets to manage at least three of budgeting, forecasting, reporting or consolidation

1 in 3 businesses are using spreadsheetsinstead of purpose-built software to manage all of their financial planning

requirements

Responding to ad-hoc requests

Building and managing spreadsheets

Collecting andvalidating data

Preparingfinancial reports

With more and more finance profession-als relying on spreadsheets, finance lead-ers see the following problems growing in tandem:

Effectivelyrespondingto ad hocrequests

remains thenumber 1

challenge forchallenge forfinancial

departments!

What areas of your finance department’s day-to-day responsibilities would beimproved with better technology?

Analyzingfinancialdata

Preparingfinancialreports

Accessingfinancialdata

Consolidatingfinancialdata

Today’s business leaders believe technology can:

38% Drive performance optimizationthrough advanced analysis

28% Streamline and provide control andauditability to processes

23% Increase transparency and decisionsupport

10% Improve financial stewardship andcompliance

You can build your ownfinancial all-star team

Find out how and tell your players, your coaches, manage-ment, and owners. Visit www.prophix.com today to learn more.